General Trading Chat

[PreSap]

Some comments as price action unfolds,seniors may comment/improve.

5 Min chart of NF

Hi Amit,

Is it 21 EMA?

Thanks for sharing your ideas!

 

[amitrandive]

Was referring to probable short @ 11.59 --> The rightmost trade in original chart

Hi Amit,

Is it 21 EMA?

Thanks for sharing your ideas!

What you see in the 5 min time frame as a breakout from 20 EMA is actually a pullback on the 15 min time frame,20EMA.So took this trade.
Multiple timeframes


NF 5 Min

NF 15 Min

 

[blackberry]

IMO - the lines i have drawn could be safe shorting levels

now at this point 7577 safe to short ????

 

[Fundootrader]

now at this point 7577 safe to short ????

Wait till 7600 and then short

 

[amitrandive]

IMO - the lines i have drawn could be safe shorting levels

What you see in the 5 min time frame as a breakout from 20 EMA is actually a pullback on the 15 min time frame,20EMA.So took this trade.
Multiple timeframes


NF 5 Min

NF 15 Min

This is the same level in RM's post also says ,
That is thursday's close or low somewhere close to either .

 

[rahulmalik]

Lets see where is nifty going !

now at this point 7577 safe to short ????

 

[amitrandive]

Lets see where is nifty going !

Just my views
Close to yesterday close,need to take support at this level for those are entering long fresh.

 

[pravi_kanth]

When China is down to near -5% why nifty is inching upwards?

 

[arsh22g]

Wait till 7600 and then short

Aaj nahi rukega ye

 

[ganeshams]

what a intraday turnaround nifty story.
two buy signal which are ignored as against main the tend but nifty keep on rising.
counter trend systems gave good result today